PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Baker Boyer National Bank

Baker Boyer National Bank lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 36.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,285 shares of the company’s stock after selling 750 shares during the quarter. Baker Boyer National Bank’s holdings in PepsiCo were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. McClarren Financial Advisors Inc. grew its holdings in PepsiCo by 256.6% during the third quarter. McClarren Financial Advisors Inc. now owns 2,938 shares of the company’s stock worth $500,000 after acquiring an additional 2,114 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of PepsiCo by 3.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,970 shares of the company’s stock worth $35,365,000 after purchasing an additional 6,334 shares during the period. Vest Financial LLC increased its holdings in shares of PepsiCo by 12.6% during the 3rd quarter. Vest Financial LLC now owns 295,037 shares of the company’s stock valued at $50,171,000 after purchasing an additional 32,941 shares in the last quarter. Eagle Capital Management LLC boosted its holdings in PepsiCo by 0.3% during the third quarter. Eagle Capital Management LLC now owns 20,680 shares of the company’s stock worth $3,517,000 after buying an additional 68 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its position in PepsiCo by 3.2% during the third quarter. Buckley Wealth Management LLC now owns 5,946 shares of the company’s stock valued at $1,011,000 after buying an additional 186 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Barclays dropped their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Trading Up 0.2 %

Shares of PepsiCo stock opened at $175.06 on Monday. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market cap of $240.67 billion, a P/E ratio of 25.41, a P/E/G ratio of 3.28 and a beta of 0.53. The stock’s 50 day simple moving average is $173.78 and its 200-day simple moving average is $172.15.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the previous year, the company posted $2.25 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.10%. PepsiCo’s payout ratio is 78.66%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.